The National Housing Bank (NHB) has warned housing finance companies (HFCs) against mis-selling insurance policies bundled with home loans. It has now made it mandatory to get separate, clear customer…
Energy efficient buildings are the future of urban development, considering climate change and the potential for future environmental crises. These structures are vital for ensuring global sustainability while encouraging a…
Introduction The All India Reserve Bank Employees Association (AIRBEA) has urged the government to cover the additional premium costs if it proceeds with the proposal to increase deposit insurance coverage.…
Introduction The Insurance Regulatory and Development Authority of India (IRDAI) has directed life and health insurers to implement Bima-ASBA, a new payment mechanism aimed at eliminating unauthorised deductions and delayed…
Introduction Air India has successfully locked in a $20 billion insurance policy for its expanded fleet after merging with Vistara. Despite the increase in the sum insured, the airline has…
Move Aims to Prevent Mis-Selling of Insurance Policies The Indian government has urged private insurance companies to extend the free-look period for policyholders from one month to one year, according…
Major amendments to the Public Liability Insurance Act (PLIA) increase insurance limits, introduce stricter compliance measures, and enhance compensation payouts. Sweeping Changes in Public Liability Insurance The Indian government has…
IRDAI’s Bima Trinity—Bima Vistaar, Bima Vahak, and Bima Sugam—set to transform India’s insurance landscape with a comprehensive and customer-friendly approach. Bima Vistaar Gains Momentum with Industry Consensus India’s insurance sector…
The new insurance solution aims to mitigate risks in supply chain financing, enhancing trust and transparency for investors. A New Approach to Risk Management in Supply Chain Financing Universal Sompo…
Authorities uncover tax evasion scheme involving fraudulent invoices and illegal commission payments. Aviva India plans to appeal the decision. Aviva India Ordered to Pay Back Taxes and Penalties British insurer…